Energy-policy simulation model of the Norwegian economy

Thesis/Dissertation · Sat Jan 01 04:00:00 EST 1983

OSTI ID:5112686

Munck, S C

This dissertation project involves the construction and application of a large-scale simulation model designed to assess the effects of various oil-extraction rate and public-sector expenditure policies on the Norwegian economy. The simulation model differs from most other applied general-equilibrium models in its treatment of the interactions between the domestic and the world economy. The economic equilibria described the model result from the interactions of consumers, producers, the government, and the foreign sectors. The model represents the taxation, expenditure, and production roles of the government in detail. Particular attention is given to the specification of oil production, incorporating characteristic features such as pure rents and the long lead times of investments in this sector. Foreign trade in goods as well as capital flows are modeled, and particular attention is given to Norway's foreign debt and investments. With this structure the model simulates the effects of various policies on the economy for the years 1979 to 2000. It examines quantitatively the effects of following different depletion paths for oil and gas resources; different foreign investment policies and different public sector expenditure patterns. The model is also used to evaluate the strengths of different kinds of mechanisms that might lead to deindustrialization as an outcome of the oil-induced boom.

• OSTI ID: 5112686
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290100 -- Energy Planning & Policy-- Energy Analysis & Modeling
290200* -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
ECONOMIC ANALYSIS
ECONOMIC POLICY
ECONOMICS
ECONOMY
ENERGY MODELS
EUROPE
EVALUATION
GOVERNMENT POLICIES
INDUSTRY
NORWAY
PETROLEUM INDUSTRY
SCANDINAVIA
SIMULATION
WESTERN EUROPE